Retention Fund Account definition

Retention Fund Account has the meaning given to it in clause 58.5 (Retention Fund);
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Retention Fund Account has the meaning given to it in Clause 49.6 (Retention Fund); Revenue is the projected Unavoidable Fixed Costs and Senior Debt Service Costs of the Company; Revised Senior Debt Termination Amount means, subject to Clause 5.3 (Changes to Financing Agreements and Refinancing):
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Retention Fund Account has the meaning given to it in Clause 79.5 (Retention Fund); Returning Employees has the meaning given to it in Schedule 20 (Employment and Pensions);
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Examples of Retention Fund Account in a sentence

  • The Commission shall establish a separate Trust Fund Account from which monies shall be disbursed solely for the payment of claims, allocated claim expenses and excess insurance or reinsurance premiums designated as the Claims or Loss Retention Fund Account.

  • Consistent with N.J.A.C. 11:15-2.13, the Fund shall establish a separate Trust Fund Account from which monies shall be disbursed solely for the payment of claims, allocated claim expenses and excess insurance or reinsurance premiums designated as the Claims or Loss Retention Fund Account.

  • If the aggregate of the amounts from time to time paid into the Retention Fund Account are insufficient to cover the Contractor's costs the Contractor shall bear the balance of such costs itself.

  • If and to the extent that the Contractor carries out the Outstanding Work, the Authority, to the extent that then or subsequently there are funds standing to the credit of the Retention Fund Account, shall reimburse the Contractor's costs of so doing by withdrawing amounts from the Retention Fund Account and paying these to the Contractor.

  • If the aggregate of the amounts from time to time paid into the Retention Fund Account are insufficient to cover the Contractor’s costs the Contractor shall bear the balance of such costs itself.

  • If: all the rectification and/or maintenance work identified by the Authority or the person the Authority procures to carry out the final survey has been carried out to the Required Standard; all such rectification and/or maintenance work has been paid for by the Contractor; and no termination notice given in accordance with this Agreement is outstanding, then the Authority shall pay any credit balance on the Retention Fund Account to the Contractor as soon as practicable.

  • The money shall be held in a Contractors Retention Fund Account and a Register also kept.

  • The Authority shall make withdrawals from the Retention Fund Account only in accordance with this Clause 41.

  • The Secretary shall be custodian of the corporate records and seal of the Corporation, and shall keep a register of the mailing address and street address, if different, of each director.

  • If and to the extent that the Contractor carries out the Outstanding Work to the Required Standard within the specified period, the Authority, to the extent that then or subsequently there are funds standing to the credit of the Retention Fund Account, shall reimburse the Contractor’s costs of so doing by withdrawing amounts from the Retention Fund Account and paying these to the Contractor.


More Definitions of Retention Fund Account

Retention Fund Account an account opened in accordance with clause 32.6;
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Retention Fund Account an account in the joint names of the Lead Authority and the Contractor for the purposes of administering the Retention Fund “Re-Use” the act of recovering any material or item from Contract Waste without any reprocessing and its subsequent delivery to an End Market for use for its original purpose “Review Date” 1 April in each Contract Year
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Retention Fund Account has the meaning given to it in clause 58.5 (Retention Fund); "Review Procedure" means the procedure set out in Schedule 9 (Review Procedure);
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Related to Retention Fund Account

  • Buydown Fund Account A separate account or accounts created and maintained pursuant to Section 3.02 (a) with the corporate trust department of the Trustee or another financial institution approved by the Master Servicer, (b) within FDIC insured accounts (or other accounts with comparable insurance coverage acceptable to the Rating Agencies) created, maintained and monitored by a Servicer or (c) in a separate non-trust account without FDIC or other insurance in an Eligible Institution. Such account or accounts may be non-interest bearing or may bear interest. In the event that a Buydown Fund Account is established pursuant to clause (b) of the preceding sentence, amounts held in such Buydown Fund Account shall not exceed the level of deposit insurance coverage on such account; accordingly, more than one Buydown Fund Account may be established.

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;

  • Levy reduction funds means increases in state funds from

  • Compensation Fund means the fund maintained by the Society pur- suant to Sections 21 and 22 (as substituted, respectively, by Sections 29 and 30 of the Act of 1994) of the Act of 1960;

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee with the Bank in its trust department for the benefit of the Securityholders in which all amounts paid in respect of the Debentures shall be held and from which the Property Trustee shall make payments to the Securityholders in accordance with Sections 401 and 402.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Insurance Account shall have the meaning set forth in Section 8.6 hereof.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Savings Account means an account, which is based on Mudarabah and its profit shall be calculated based on the profit earned on any balance maintained above the minimum threshold or average threshold (as may be agreed upon with the Bank).

  • Employee Account means any brokerage account or unit investment trust account in which the Van Kampen Employee has any direct or indirect beneficial ownership.

  • Expense Account The account established pursuant to Section 10.3(c).

  • Participating Account a separate account investing all or a portion of its assets in the Trust, including the Account.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Earnings Account means, in relation to a Ship, an account in the name of the Borrower owning that Ship with the Account Bank designated as the Earnings Account for that Ship, or any other account (with the Account Bank or the Agent or with another bank or financial institution acceptable to the Majority Lenders) for the purpose of receiving all charter hire and other amounts paid under the relevant Time Charter;

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Reserve Fund Deposit With respect to the Reserve Fund, an amount equal to $5,000, which the Depositor shall initially deposit into the Reserve Fund pursuant to Section 3.21 hereof.

  • Certificate Account The account maintained by the Trustee in accordance with the provisions of Section 4.04.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.